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Most Profitable Home Businesses

How To Make A Profitable Career From Home

What are the characteristics a great entrepreneur? Is it a charismatic personality? The ability to crunch numbers? Being able to read a given market a give consumers exactly what they are demanding? The characteristics of a successful entrepreneur are much deeper than that, but there are a few qualities that are universal to all people who strike out to achieve their own financial independence.

Many people look to home based businesses when they want to achieve financial independence. After all, most home based businesses have low overhead costs, allow people to be with their family members, and they can be extremely profitable. However, with so many choices, how can you tell what is the most profitable business to start from home?

What to look for in the most profitable home based business opportunities:

Embrace your passions

What do you love to do? The most profitable home based businesses are run by people who have figured out how to monetize their passions. Some have a passion for baking. Some love to write. Others love animals and taking care of pets. Whatever you love doing, there are ways to turn it into the most profitable home based business you have ever seen.

Set Up Your Own Space

The people who run the most profitable home businesses have a room or space in their homes that is reserved for work. Whether they work on their computer, or take calls to to consult with clients – having that “space” so you can separate work from your personal life is essential. Even if you are running one of the most profitable businesses from home, having the ability to step away from it all at the end of the day allows your mind to switch gears and relax. Similarly, entering that space will help to put you in a productive mind set where success on your own terms is the ultimate goal.

Some examples of the most profitable home based business ideas:

Legal and Medical Transcription

There will never be a shortage of legal and medical information that needs to be transcribed. However, not many people are willing to take the time and effort to do the transcriptions, which is why these are some of the most profitable home based businesses around. So long as you have a computer with an internet connection, and you are willing to stay in front of your computer throughout the day, a medical transcriptionist can make $30K to $40K per year just by putting in the minimal amount of time. Legal transcriptionists – depending on the state – can earn anywhere from $55K per year on up to $86K.

Tutoring

Education is another field where there is never a dearth of customers. Parents want their students to do their best in school, while college students and adults want to have access to more opportunities by doing well in their coursework. Depending on the topic and the level of the course, a tutor can make up to $125 per hourly session. (Tutors typically charge by the hour, and make their own schedules, so it is very difficult to get an accurate average for a yearly salary.) Anyone with expertise in a given field can offer tutoring services, however, certified teachers can command a much higher price for their work.

Personal Trainers

To be a personal trainer, one does not need to add onto the house or build a home gym large enough to instruct a full class of people. A personal trainer meets with clients are their own residences to help them get in shape and stay fit. Of course, personal trainers can hold classes – they just opt to hold those classes in the local park (because it keeps the overhead low). Depending on the clients’ goals and the level of training they seek, a personal trainer can make anywhere from $50K to $130K a year. The cost is time for travel and working out, but becoming a personal trainer is one of the most profitable home businesses.

Freelance Writing

People need to communicate ideas, but not everyone has the ability to put words together to communicate effectively. Whether it is writing wedding speeches, letters of resignation, recipes, funny stories, or technical manuals – good writers are always in demand. Freelance writing can pay anywhere from $50K to $80K per year, and all you need is a computer. Keep in mind that freelance writers need to be able to do the appropriate research, identify their audience, and meet deadlines set by their clients. The only drawback to freelance writing is that a lot of the writing is done anonymously, so don’t expect to get public credit for a lot of your work.

Commercial Real Estate

Many people enter the world of commercial real estate because it is something that can be run from home, and the revenue can easily supplement a regular income. However, those people quickly transition (usually after their first or second sale) to becoming full-fledged commercial real estate investors, because it is one of the most profitable home based businesses. Whether you are flipping houses, or buying buildings to rent out to multiple tenants to maintain a passive revenue stream – commercial real estate is an extremely profitable home based business, with base revenues coming in at a minimum of $40K per deal on a house flip, and multiple thousands per month in rent revenue.

Lucrative Home Business Opportuntiy

Perhaps the most profitable business to start from home is in the field of commercial finance. Commercial finance is based around bringing business owners who need funding to work out an agreement with lenders who want to invest in entrepreneurs.

Commercial finance professionals make money when both parties reach an agreement, in the form of a percentage of the deal, plus any monthly fees they work into the contract. The great thing about commercial finance is you do not need a background in banking or economics to be successful.

The Commercial Capital Training Group (CCTG) give emerging home based business owners the training, tools, and support necessary to launch their own companies and earn unlimited profits by getting people the money they need. If you dream of having one of the most profitable home based businesses, with the ability to set your own hours and very little overhead, then the Commercial Capital Training will prepare you for a future full of success and financial independence.

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